Turkcell Iletisim Hizmetleri AS $TKC Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 27.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,326 shares of the Wireless communications provider’s stock after buying an additional 15,358 shares during the period. Sequoia Financial Advisors LLC’s holdings in Turkcell Iletisim Hizmetleri AS were worth $425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Yousif Capital Management LLC raised its stake in Turkcell Iletisim Hizmetleri AS by 14.3% in the second quarter. Yousif Capital Management LLC now owns 15,522 shares of the Wireless communications provider’s stock valued at $94,000 after buying an additional 1,940 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Turkcell Iletisim Hizmetleri AS by 1.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 129,670 shares of the Wireless communications provider’s stock valued at $785,000 after buying an additional 1,947 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth about $67,000. Foster Group Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth about $67,000. Finally, Parallel Advisors LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 7.9% during the second quarter. Parallel Advisors LLC now owns 29,385 shares of the Wireless communications provider’s stock worth $178,000 after purchasing an additional 2,142 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Performance

NYSE TKC opened at $5.84 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. Turkcell Iletisim Hizmetleri AS has a 52-week low of $5.35 and a 52-week high of $7.63. The business’s 50-day moving average price is $5.88 and its 200 day moving average price is $5.95. The firm has a market cap of $5.13 billion, a P/E ratio of 3.97 and a beta of 0.99.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%.The firm had revenue of $1.37 billion for the quarter. On average, equities research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a “strong-buy” rating to a “buy” rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.